Singapore Stock Market Updates On 28/01/10

Morning Highlights

Our Focus For Today Is On Property, Commodity & Financial Sector – Short Selling

The Asian stock markets were broadly higher Thursday following a rise on Wall Street after the U.S. Federal Reserve left interest rates near zero as expected.  Singapore shares also rise in morning trading with the key STI up more than 30 points in the first 30mins of trading.

Corporate Announcements

1. Keppel Corp’s Keppel FELS unit has secured a contract from Aramco Overseas Company B.V., a subsidiary of Saudi Aramco, the world’s largest producer and exporter of crude oil and natural gas liquids, to build a customised KFELS Super B Class jackup rig
2. Olam will be issuing S$250 million 4.07% notes due 2013. The notes are expected to be issued on 12th February 2010 and mature on 12th February 2013

News Updates

1. U.S. December’s seasonally adjusted sales of new homes fall 7.6%, at lowest since March.
2. Fed leaves rates unchanged, says recovery is likely to be moderate‏.
3. The Dow and S&P 500 end positive in wake of Fed’s decision. However, investors’ risk appetites still have not fully been restored, as the U.S dollar rose against 14 of 16 counterparts, and one month Treasury bill rates turned negative earlier for the first time in 10 months on demand for safer assets
4. Apple to price iPad starting at $499, with costliest device at $829‏.

Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume. 

Bullish Stocks (Singapore)

Bearish Stocks (Singapore)

Stock Prices last updated at 9:05 (Singapore Time)